Freedom to Sled Returns to Capitol Hill for Promised Epic Storm: It may not be as precious as, say, freedom of speech, but the freedom to sled has returned to Capitol Hill for the first time in years — just in time for what forecasters are promising will be an epic [...]
David Bowie’s innovation in rock music and fashion also stretched to financial markets. (Bloomberg) The musician, who died recently, was the first to create securities out of royalty streams, selling $55 million of Bowie Bonds in 1997 that were tied to future earnings from hits including “Space Oddity” and “Changes.” Securities backed by [...]
Buying a Powerball ticket gives you a shot at a $428.4 million cash windfall this weekend. It will also help fund school improvements in West Virginia. (Bloomberg) […]
(Bloomberg) — Mutual funds in the $3.7 trillion municipal-bond market are flush with cash heading into 2016. Individuals added $1.3 billion to funds focused on state and local-government debt in the week through Dec. 30, the most in almost a year, Lipper US Fund Flows data show. It marked the [...]
The Bloomberg Politics national poll revealed something interesting about American voters this week. As the Iowa caucuses rapidly approach with ten weeks left, Americans are as excited about the presidential nomination ballots as they are about the upcoming release of the new Star Wars: The Force Awakens movie. […]
The Chinese one-child policy, instituted in 1970, is coming to an end. On Thursday, October 29th the nation announced that all couples will now be allowed to have two children. The impact on China’s economy—particularly given its economic slowdown—will likely be significant. […]
Since the bond market’s version of the “flash crash,” the once unusual bursts of volatility have become increasingly more common. The United States government bond market is considered the deepest and most liquid in the world at $12.9 trillion. However, it is now plagued by more episodes of serious turbulence [...]
If you have a television, smartphone, computer, newspaper, or exposure to the outside world, odds are at this point you’ve heard something about the presidential primary campaign of Donald Trump. The businessman and real estate mogul turned presidential hopeful has garnered a huge amount of attention from the press and [...]
The National League Division Series begins in Los Angeles, and the New York Mets’ pitcher Jaob deGrom will take the mound for the first game. This Mets team is the best in roughly a decade, and has the most homegrown talent of any team in the Major League Baseball playoffs. [...]
Pope Francis is about to begin his first visit to the United States, with stops in Washington D.C., New York City, and Philadelphia. The popular pontiff is expected to draw huge crowds and with the visitors, comes cash opportunities for businesses. While hotels, restaurants, and transportation options are already seeing [...]